Collect data on residential real estate prices within the area you have chosen and graph them...
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Collect data on residential real estate prices within the area you have chosen and graph them (place price on the Y axis and time on the X axis). Graph the longest period of time for which you have reliable data (20 years minimum). On this graph, isolate four or five dates which seem to have precipitated major shifts in the market, up or down. Research the events of that era and explain what might have caused these shifts. 2. Collect data on several factors that might have a significant influence on real estate prices (see the list below for some suggestions). Collect this data for the longest time frame possible (20 years minimum). Once you have collected the appropriate information, graph each data set against: (a) real estate prices in the area over the same time period. Compose a separate graph for each factor. Make sure the price trend is overlaid on each group. (15 marks) To put your data in context, you should also compile graphs using the same factors for ONE of the following: (b) another city that you consider to be comparable; (15 marks) OR (c) the nation as a whole (15 marks) Where possible, you should make your comparisons in inflation-adjusted terms. Note from the tutor: To be clear, an example of what we want you to analyze in this question might be: (a) Vancouver GDP vs Vancouver house prices; (b) Toronto GDP vs Toronto house prices; and (c) Canada GDP vs Canada house prices. Choose at least five of the following nine factors for your comparison to real estate prices (you are also encouraged to use any other measure that might affect prices): (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) Interest rates Rents Inflation Population growth Immigration Employment growth (this might be in the form of personal income growth or job growth) Real GDP P = R/r (Price = Rent/Capitalization Rate) Supply of new housing Collect data on residential real estate prices within the area you have chosen and graph them (place price on the Y axis and time on the X axis). Graph the longest period of time for which you have reliable data (20 years minimum). On this graph, isolate four or five dates which seem to have precipitated major shifts in the market, up or down. Research the events of that era and explain what might have caused these shifts. 2. Collect data on several factors that might have a significant influence on real estate prices (see the list below for some suggestions). Collect this data for the longest time frame possible (20 years minimum). Once you have collected the appropriate information, graph each data set against: (a) real estate prices in the area over the same time period. Compose a separate graph for each factor. Make sure the price trend is overlaid on each group. (15 marks) To put your data in context, you should also compile graphs using the same factors for ONE of the following: (b) another city that you consider to be comparable; (15 marks) OR (c) the nation as a whole (15 marks) Where possible, you should make your comparisons in inflation-adjusted terms. Note from the tutor: To be clear, an example of what we want you to analyze in this question might be: (a) Vancouver GDP vs Vancouver house prices; (b) Toronto GDP vs Toronto house prices; and (c) Canada GDP vs Canada house prices. Choose at least five of the following nine factors for your comparison to real estate prices (you are also encouraged to use any other measure that might affect prices): (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) Interest rates Rents Inflation Population growth Immigration Employment growth (this might be in the form of personal income growth or job growth) Real GDP P = R/r (Price = Rent/Capitalization Rate) Supply of new housing
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ANSWER Collecting Real Estate Price Data Start by identifying a specific area for which you want to collect real estate price data This could be a cit... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
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